On January 9th, budget leaders from the House, Senate, and Healey administration announced a $43.614 billion consensus tax revenue figure for Fiscal Year (FY) 2026, including $41.214 billion in non-surtax revenue and $2.4 billion related to the income surtax. Non-surtax revenues are expected to grow by $907 million (2.25 percent) over estimated FY 2025 collections.

The consensus revenue agreement also establishes a $1.95 billion cap on the use of surtax revenues in the FY 2026 operating budget, a $650 million (50 percent) increase over the $1.3 billion cap incorporated into the FY 2025 General Appropriations Act (GAA). 

After accounting for above-cap surtax collections, the consensus tax revenues available to support the FY 2026 budget total $43.164 billion.